Associate Director, Market Risk Capital (CCAR & FRTB)

RBC • New York, NY

8d • $120,000 - $200,000 • Onsite

About The Position

The Associate Director, Market Risk Capital (CCAR & FRTB) will lead the implementation and execution of Global Market Shock and Internal Market Shock stress testing processes under CCAR, as well as support the build-out of FRTB calculation and reporting capabilities for the US IHC. The role involves partnering with IT on system implementation, UAT testing, and data model enhancements, while establishing governance frameworks, covered position identification processes, and regulatory controls. The individual will develop supporting documentation, prepare materials for committee and FRB meetings, and monitor regulatory developments to support audits and examinations.

Requirements

• Bachelor's Degree in Finance, Engineering, or a quantitative field
• 4+ years of experience at an Investment Bank with exposure to CCAR stress testing, FRTB implementation, Capital Management, Regulatory Capital, or Market Risk
• Strong knowledge of market risk management frameworks (Basel III/IV, FRTB, VaR, sensitivities/Greeks) and stress testing methodologies (GMS/IMS)
• Understanding of financial products (rates, credit, equity, FX, commodities) and their valuation methodologies
• Experience with CCAR submission processes and FRB supervisory expectations
• Strong data analysis skills including experience with Python, SQL, and Excel for analyzing large datasets
• Experience with Business Intelligence tools (Tableau, OBI) and familiarity with market risk platforms
• Excellent written and oral communication skills with demonstrated ability to prepare materials for senior management and regulators
• Ability to translate regulatory requirements into detailed technical specifications and governance frameworks
• Autonomous, highly motivated, and able to work independently and collaboratively under tight deadlines

Responsibilities

• Support the implementation and execution of the Global Market Shock (GMS) and Internal Market Shock stress testing processes under CCAR, including scenario application, results validation, and regulatory submissions – 25%
• Analyze enterprise FRTB build requirements and partner with IT to implement IHC FRTB calculation and reporting capabilities, including performing UAT testing and validation – 20%
• Establish and maintain FRTB covered position identification, reporting, and governance processes; support the development of the regulatory governance framework including target operating models, roles and responsibilities, and process controls – 15%
• Assess and enhance the current data model and UI functionalities; build benchmarking tools and support the establishment of "Risk not in SA" processes – 10%
• Create and maintain documentation including methodology documents, system lineage diagrams, process flows, and other materials required for regulatory compliance – 15%
• Prepare presentations and materials for committee meetings and FRB engagements; coordinate across functions to establish or enhance controls – 10%
• Review supervisory guidance and industry developments to identify regulatory requirements and best practices; provide support for risk and control self-assessments, internal audits, and regulatory examinations – 5%

Benefits

• competitive compensation
• flexible benefits
• 401(k) program with company-matching contributions
• health, dental, vision, life, disability insurance
• paid-time off
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level